CF Energy (TSXV:CFY) ROCE % : -9.14% (As of Dec. 2023)

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What is CF Energy ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. CF Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.14%.

CF Energy ROCE % Historical Data

The historical data trend for CF Energy's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CF Energy ROCE % Chart

CF Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.70

12.98

6.60

4.93

3.79

CF Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.24	5.64	10.22	8.17	-9.14

CF Energy ROCE % Calculation

CF Energy's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	6.26	/	( ( (242.621 - 76.229)	+	(244.867 - 81.051) )	/ 2 )
	=	6.26	/	( (166.392	+	163.816)	/ 2 )
	=	6.26	/	165.104
	=	3.79 %

CF Energy's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-15.128	/	( ( (244.214 - 76.96)	+	(244.867 - 81.051) )	/ 2 )
	=	-15.128	/	( ( 167.254	+	163.816 )	/ 2 )
	=	-15.128	/	165.535
	=	-9.14 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

CF Energy (TSXV:CFY) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

CF Energy ROCE % Related Terms

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CF Energy (TSXV:CFY) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CF Energy Corp (TSXV:CFY) » Definitions » ROCE %

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CGFEF:USA

Address

3100 Steeles Avenue East, Suite 3008, Markham, ON, CAN, L3R 8T3

Website

http://www.cfenergy.com

CF Energy Corp is an investment holding company engaged in the distribution of natural gas and sustainable energy utilization for industrial, commercial, and residential users as well as electric vehicle battery swap service in the PRC. It has three operating segments; the Gas distribution utility segment which includes gas sales, pipeline installation, and connection, CNG vehicles refuel and provide gas pipeline installation and connection services and deliver natural gas to residential, commercial, and industrial customers, The Integrated smart energy segment uses multiple clean energy sources, including solar, hydro, electricity, and natural gas to supply cooling, heating, as well as hot water, and The smart mobility segment operates an electric vehicle battery swap business.

Executives

Yongbiao Ding

Director

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